2010-11-10

Today is an interesting day, it reverse in the middle of the trading session, I would lose everything including my underware if I keep on one direction only.
The market was really bearish on Monday and Tuesday, today it was more bearish to begin with and then turned in the middle, I got some short, but nothing flys. It's OK, I was only aiming for 10 to 20 pips anyway, so this saved my ass.

As of the short week, there won't be much trading activities tomorrow and Friday, lets' summarize what happened to me in trading this week.

Monday was a good day, It was bearish on Sunday night and carry over to Monday morning, I was able to short and short, but I didn't let the winner run or follow the market, I was hitting my goal for the day then left. Which means I left more coins on the table.

Tuesday was confusing, which it popped back and I had no idea where to go, so I shorted gold which is at high and got stopped out before it reaching my target. This was stupid.

Wednesday was down and down and reversal all the way back up, I was able to capture some short, see, if I continue to short like what I wished on Tuesday, I would have lose everything again. So it's really hard to tell.

Thursday was a great down market, it dropped from 1.3720 to 1.3660 in my trading hour, but I was expecting a lighter market as US BANK and treatury closed, however, CSCO miss in earning report drag down the entire market which is perfect for short, this IS the time to go all-in. I was pretty protective and only traded 2/3 size... damn it. And I wasn't able to let the winner run, well, it run slower as it IS a holiday. I guess the trading error I have is still the effect from Wednesday.


This is the good datapoint and goal of this blog, to keep track of different days of market movement and my own response to the market.

See you next week.